Salient to Investors: Beijing’s strict property curbs are forcing up rents for 7.7 million residents originally from outside of the city who are blocked from buying a home. Bacic & 5i5j say average rents in Beijing have risen 23 percent since 2010, as demand for rentals surged 82 percent – college
READ MORE... →Salient to Investors: Suanjin Tan at BlackRock said the avalanche of new deals has investors fatigued, and continued home-price restrictions and a slowing economy means being selective. Tan sees a big mindset shift in the past year with fears of a huge property market collapse in China gone: the risks are there but very few
READ MORE... →Salient to Investors: Investors reacting to government curbs on home buying are shifting money into parking spaces. The average price of a previously owned parking spot in residential complexes rose in Q3 to the second highest on record. Hong Kong has one of the lowest car ownership rates among developed countries,
READ MORE... →Salient to Investors: Li Jun at Central China Securities said investors think the economy may have bottomed, especially since the PMI showed positive signs, but we need more liquidity for any gains to last. Lu Ting at Bank of America sees increasing evidence for green shoots in China – upped Q4 GDP growth estimate to
READ MORE... →Salient to Investors: Real estate investors and developers are abandoning a two-year foray into China’s provincial cities and switching back to Shanghai and Beijing, where prime offices are close to full occupancy and rents are on par with New York and Sydney, and home prices are stabilizing. Home prices have risen 155 percent
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